Americas biggest bank First Citizens Bank acquires all loans and deposits of Silicon Valley Bank (SVB) on March 27, 2023.
The deal was locked for worth $110 billion in assets, $56 billion of deposits and loans of $72 billion.
This was done after the Banking system collapsed recently. This is
in line with the downturn of the economy across the globe.The Prime Minister, Shri Narendra Modis visionary Leadership gets global recognition. GSM Association (GSMA) has conferred Government Leadership Award 2023 to India for implementing best practices in telecom policy and regulation.
GSMA, which represents more than 750 mobile operators and 400 companies in the telecom ecosystem,recognizes one country every year. India was declared winner in the ceremony held at Mobile World Congress Barcelona on 27 Feb, 2023.
A Post Budget webinar on Unleashing the Potential ease of living using Technology held on 28th February 2023. The webinar was inaugurated by Prime Minister, Shri Narendra Modi with his address to participants which included associations, academia, experts, civil Society and Government officials. In his address he emphasized on the need to enhance Ease of Living by using technology with human touch. He also reiterated that benefits of digital revolution should reach nooks and corners of the society.
India has skilled manpower, talented youth, technology adoption capacity which empowers India to become Viksit Bharat by 2047. He also urged that we must identify 10 problems being faced by our country which can be solved using technology and innovative solutions.Aadhaar holders have carried out over 9029.28 crore authentication transactions so far including 199.62 crore in January 2023 alone, indicative of the Growth of digital economy in the country.
While a majority of the authentications transaction numbers were carried out by using biometric fingerprint, it is followed by demographic and OTP authentications. In the month of January, 135.53 crore biometric fingerprint-based authentications were carried out, an indication ofits usage and utility in the daily lives of residents.
The Unique Identification Authority of India (UIDAI) has already rolled out a new security mechanism for Aadhaar based fingerprint authentication. The Artificial Intelligence and machine Learning (AI/ML) based security mechanism developed in-house is now using a combination of both finger minutiae and finger image to check the liveness of
the finger print captured.More than 1100 government schemes, programs and initiatives in the country run by both centre and states have been notified to use Aadhaar. The digital ID is helping various ministries and departments in the centre and at states in improving efficiency, transparency and delivery of welfare Services to the targeted beneficiaries.
The technology involves theuse of tinyLight-emitting diodes(LEDs) that are packed tightly togetherto create a bright and high-quality display.
Apple is reportedlyworking on a newdisplay technologycalled microLEDs,which is considered the next big thing in the display .
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The data isavailable as open data that can benefit students and scientists across the world. This data will be a vital asset for the solar community for understanding the behaviour of
the Sun in the past, over more than a century, and predicting the future of our life-giving star.At Chandigarh University, Rajnath Singh inaugurates the Kalpana Chawla Centre For Research.
Highlights:
The Kalpana Chawla Centre for Research in Space Science and Technology (KCCRSST) at Chandigarh University was inaugurated by DEFENCE Minister Rajnath
Singh.The Union Minister also announced the launch of a Rs 10 crore Defence Scholarship Scheme at Chandigarh University for the children of three-service military officers. Kalpana Chawla was the first woman of Indian descent to travel to space.
It was founded with the goal of educating students in space science and satellite creation, as well as addressing future difficulties in space research.
The Corruption Perceptions Index (CPI) 2021 was announced by Transparency International, and India was rated 85th (Score of 40).
Highlights:
The Corruption Perceptions Index (CPI) 2021 was announced by Transparency International, and India was rated 85th (Score of 40).
Three countries, Denmark, Finland, and New Zealand shared first place in the ranking (Score of 88).
This ranking assesses how corrupt each country’s government is thought to be.
The results are graded on a scale of 0 (extremely corrupt) to 100 (very clean) (very clean). There are 180 countries ranked in it.
India was placed 86th with a score of 40 last year (for 2020).
The Corruption Perceptions Index (CPI) for this year shows that corruption is at an all-time low around the world.
For the tenth year in a row, the global Average remains steady at 43 out of 100 points.
Annually on 28 January, Data Privacy Day is commemorated to raise privacy awareness.
Highlights:
The day is observed as “an international effort to raise awareness about the need of respecting privacy, fostering trust, and protecting data.”
Individual privacy is a means of safeguarding everyone’s online safety.
As more people are forced to spend time in the virtual world due to the covid-19 pandemic, it has become a hot issue of conversation in the digitally connected world.
Ijmuiden, Amsterdam, Netherlands, has opened the world’s giant canal lock.
Highlights:
Ijmuiden, a small port city in the Port of Amsterdam, The Netherlands, has opened the world’s giant canal lock.
King Willen-Alexander of the Netherlands opened the sea lock. The sea lock at Ijmuiden is 500
meters (1,640 ft) long and 70 meters broad.The major project began in 2016 and was supposed to be completed by 2019. It also exceeded the budget by roughly 300 million ($338 million).
Facebook parent company Meta’s new ” supercomputer” will be the fastest across the planet by the center of the year 2022.
Highlights
Meta introduced the AI Research SuperCluster (RSC) on January 24, 2022. It’s believed to be among the fastest AI supercomputers running today.
Currently, AI can perform tasks like translating text between languages and help in identifying potentially harmful content.
However, the development of the next generation of AI would require powerful supercomputers capable of quintillions of functions per second.